- Getting started
- How to use UPI on Upstox Pro?
- Transfer funds instantly with UPI
- Why is my bank not allowed for instant funds transfer?
- Logging in to my Keystone account
- Find or reset telephonic ID
- Change Back Office password
- Adding segments to your trading account
- Add or change nominee
- Add/change your primary bank account
- Smart transfer/ 3 in 1 account
- Modifications in the account
- What is the procedure to add a new segment in my account?
- How do I change my registered Email address and mobile number?
- How can I request for a signature change?
- How do I change my correspondence address?
- How do I change my permanent address?
- How can I change my brokerage plan?
- How do I reactivate my account?
- How do I change my name on my account?
- How can I change or add a new nominee on my account?
- Password and login issues
- Bank account related queries
- Demat account
- Monitoring positions in Keystone
- Track profit and loss
Quarterly Settlement of Funds and Securities
As per the exchange circular dated 3rd December, 2009 Settlement of Funds & Securities through Quarterly Settlement is an initiative by SEBI to ensure brokers do not misuse client funds and/or securities. This settlement has to be done once in a period of 90 days and is to be done for both funds and securities of the clients.
Any accounts whose balance is less than Rs. 10,000 (or Rs. 50,000 for MCX) or any account which has not been traded from in that quarter will be exempt from this quarterly settlement, so the funds and/or securities will not be transferred back to the client’s bank account.
What is the quarterly settlement?
Any unutilized sums of money kept in the client’s trading account, needs to be transferred back to the client’s bank account, once every 90 days. Any client securities held by the broker, must be transferred back to the client’s demat account, once every 90 days. These securities such as stocks or MFs could be lying with the broker when they are pledged to trade in the F&O segment or when these securities haven’t been fully paid for by the investor.
To find out more details please refer to the NSE circular.